Unlike a manufacturing company, the sales budget is the cornerstone for the master budget of a merchandising company

Explain in detail the product development and commercialization process

Fill in the blanks with correct word.

A company has a petty cash fund amount of $300. When replenished, it has petty cash receipts of $33 for gas expense, $31 for postage expense, $11 for supplies expense, and $12 for miscellaneous expenses. Assume the cash balance is not over or short. In the journal entry, Cash would be credited for ________.

A) $87 B) $76 C) $64 D) $75